Shares of Upland Software, Inc. (NASDAQ:UPLD – Get Rating) have earned an average rating of “Buy” from the ten brokerages that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $28.88.
A number of brokerages recently weighed in on UPLD. Jefferies Financial Group lowered their price objective on shares of Upland Software from $30.00 to $20.00 and set a “hold” rating for the company in a research report on Thursday, January 6th. Zacks Investment Research lowered shares of Upland Software from a “buy” rating to a “hold” rating in a research note on Tuesday. Canaccord Genuity Group reduced their target price on shares of Upland Software from $30.00 to $24.00 in a research note on Friday, February 25th. Craig Hallum reduced their target price on shares of Upland Software from $32.00 to $22.00 in a research note on Tuesday, January 11th. Finally, Raymond James reduced their target price on shares of Upland Software from $35.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, January 11th.
Shares of NASDAQ:UPLD opened at $15.35 on Tuesday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.63. Upland Software has a fifty-two week low of $14.85 and a fifty-two week high of $53.00. The firm’s 50-day simple moving average is $17.03. The company has a market cap of $477.89 million, a P/E ratio of -7.99 and a beta of 0.93.
Large investors have recently made changes to their positions in the stock. Marathon Asset Mgmt Ltd bought a new stake in shares of Upland Software during the fourth quarter worth $50,430,000. BlackRock Inc. grew its position in shares of Upland Software by 1.6% in the 4th quarter. BlackRock Inc. now owns 1,857,864 shares of the software maker’s stock valued at $33,330,000 after acquiring an additional 29,555 shares during the period. Bernzott Capital Advisors grew its position in shares of Upland Software by 1.3% in the 1st quarter. Bernzott Capital Advisors now owns 1,105,702 shares of the software maker’s stock valued at $19,471,000 after acquiring an additional 13,781 shares during the period. State Street Corp grew its position in shares of Upland Software by 12.0% in the 4th quarter. State Street Corp now owns 779,863 shares of the software maker’s stock valued at $13,991,000 after acquiring an additional 83,326 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Upland Software by 9,888.3% during the 4th quarter. Millennium Management LLC now owns 736,534 shares of the software maker’s stock worth $13,213,000 after buying an additional 729,160 shares during the last quarter. Institutional investors and hedge funds own 76.02% of the company’s stock.
About Upland Software (Get Rating)
Upland Software, Inc provides cloud-based enterprise work management software in the United States, the United Kingdom, Canada, and internationally. It offers a family of software applications under the Upland brand in the areas of marketing, sales, contact center, project management, information technology, business operations, and human resources and legal.
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